Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Mexico - 2023

Contents:

1. Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Mexico (CIF) - 2023
2. Imports of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Mexico

Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Mexico (CIF) - 2023

In December 2023, the average import price for artificial staple fibres, not carded, combed or otherwise processed for spinning amounted to $2,780 per ton, with an increase of 14% against the previous month. Over the period under review, the import price recorded a temperate expansion. The growth pace was the most rapid in September 2023 an increase of 25% month-to-month. Over the period under review, average import prices attained the peak figure at $25,139 per ton in April 2023; however, from May 2023 to December 2023, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In December 2023, the country with the highest price was China ($2,299 per ton), while the price for India stood at $2,096 per ton.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by China (+0.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Mexico

In 2022, overseas purchases of artificial staple fibres, not carded, combed or otherwise processed for spinning decreased by -45.1% to 799 tons, falling for the second year in a row after two years of growth. Overall, imports showed a dramatic setback. The pace of growth was the most pronounced in 2020 with an increase of 74% against the previous year. As a result, imports reached the peak of 3.2K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of artificial staple fibres, not carded, combed or otherwise processed for spinning declined sharply to $15M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +11.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +38.9% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 62% against the previous year. As a result, imports reached the peak of $20M, and then fell markedly in the following year.

Top Suppliers of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning to Mexico in 2022:

1. China (330.4 tons)
2. Germany (313.6 tons)
3. India (104.7 tons)
4. United States (50.6 tons)

Source: IndexBox Market Intelligence Platform